| Positions | Today | Yesterday | Change |
|---|---|---|---|
| Longs | 60% | 58% | 3.8% |
| Shorts | 40% | 42% | -5.9% |
| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The US Dollar has declined by 1.45% in value against the Canadian Dollar since December 26. The 50– hour simple moving average pressured the currency pair lower during this period.
Everything being equal, the USD/CAD exchange rate will most likely continue to decline within this week's trading sessions. A potential breakout through the lower boundary of a descending channel pattern could occur.
However, the currency exchange rate could make a brief upside retracement towards the 1.3035 area within this session.